Servpro

At a Glance

About Servpro

Servpro started out in 1967 as a painting business. Two years later, founders Ted and Doris Isaacson began franchising it as a cleaning and restoration company. In 1988, they moved the company from Sacramento, California to Gallatin, Tennessee in order to be within 600 miles of 50 percent of the U.S. population.

Servpro franchisees specialize in disaster restoration, offering cleanup and repairs to both commercial and residential customers whose property has suffered fire or water damage. They also offer mold remediation, carpet and upholstery cleaning, air duct and HVAC cleaning, and other related services.

Franchise Units

Year

U.S.

Canadian

International

Company Owned

2014

1,656

8

0

0

2013

1,611

3

0

0

2012

1,599

2

0

0

2011

1,580

1

0

0

Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Financial Requirements

Net Worth: $100,000 Liquid Cash Available: $85,000

Operations

40% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 10. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

Financing Type

In-House

Third Party

Franchise Fee

Startup Costs

Equipment

Inventory

Accounts Receivable

Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2-1/2 weeks. At franchisee's location: 1 week. Business development program